Qatar Airways aims to start buying American Airlines shares 'soon'



By Conor Humphries

DUBLIN Qatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines (AAL.O) “depending on the share price.”

The state-owned company notified American Airlines last month that it was interested in buying up to 10 percent of its shares.

Al-Baker told reporters in Dublin that Qatar Airways would buy up to 4.75 percent, despite a cool response given last month by the American Airlines CEO to its plan, once it has regulatory approval.

(Writing by Alexander Cornwell in Dubai; Editing by Greg Mahlich)

var median = (relatedItemsTotal / 2);
var $relatedContentGroupOne = $(‘ ul’);
var $relatedContentGroupTwo = $(‘ ul’);

$.each($relatedItems, function(k,v) {
if (k + 1


Source link


Articles You May Like

Taj Mahal reopens even as India COVID-19 cases soar
Vietnam Court Convicts 20 on Terrorism, Explosives Charges in Two-Day Trial
Safety officer, project manager jailed after worker died in construction accident at Changi Airport
Two men recognised for helping driver during alleged assault; SBS Transit considering protective shields in buses
Thai activists protest in front of king’s German villa

Leave a Reply

Your email address will not be published. Required fields are marked *